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Clarendon Insurance Work Values
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Daily Duties at Clarendon Insurance:
● Prepared and analyzed workers’ compensation insurance programs with total premium and losses more than one billion ● Built P&L spreadsheet to process the calculation of ITD, YTD, QTD and MTD of both direct and ceded businesses of PW, PC, UPR, NPE, losses, ALEA andUALEA, IBNR and NLI by UY, AY and state on per policy and per claim basis ● Booked monthly direct and ceded businesses of PW, PC, UPR, NPE, losses, loss recoverable, reserves, commission payments and holdback to GAs and claimreimbursements to TPAs ● Reconciled G/Ls to bank statements and bordereaux, resolved the discrepancies between bank statements and bordereaux with GAs and TPAs ● Prepared workers compensation’s Statutory schedules such as Sch. P, F and state page ● Setup and requested Letter of Credit from unauthorized reinsurers for Sch. F ● Designed and built subledgers to keep tracking of ITD reinsurance billings and settlements for each reinsurer ● Cooperated with actuarial department to calculate and allocate IBNR to Clarendon and its reinsurers ● Coordinated with auditors and provide explanations on quarterly and yearly GAAP and Statutory reporting ● Worked with teammates to streamline existing processes and write VB to automate routine procedures
What they like about Clarendon Insurance:
Working in an organization that is technologically advanced, creative, and innovative is critical in your assessment of hiring companies. Less important to you are stability of the organization, the length of time an organization has been in business, and the business' plans for the future. You prefer a fast-moving company that will take risks to achieve its goals and objectives. The length of time the company has been in business is irrelevant. Maintaining status quo is unnecessary. You thrive on change, uncertainty and the upside of potential business risks, especially those associated with innovation. Stability for the long haul is not nearly as important as is working in an atmosphere that is charged with a sense of urgency and constant change.
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Information about Clarendon Insurance
Company Rank: Not Available
Average length of employment : 1 year
Average salary of employees: $102,727
These are some of the questions we asked our climbers about their experiences with Clarendon Insurance:
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| Did you feel like your personal contribution was important? | 0.0 |
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| Was your career path clearly outlined and discussed? | 0.0 |
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| I would recommend this as a place of employment. | 0.0 | |
| I believe in the purpose of this organization. | 0.0 | |
| I would work for this organization again. | 0.0 | |
| I feel employees are fairly compensated. | 0.0 |
